(1) The Finance Minister must not make a direction under
subsection 18(1) in relation to a grant for an infrastructure
project unless the Infrastructure Minister has recommended that a
direction be made.

(2) The Infrastructure Minister must not make a
recommendation under subsection (1) in relation to a grant for an
infrastructure project if:

(a) capital expenditure on the project is $100 million or
more; and

(b) Infrastructure Australia has not done both of the
following:

(i) given the Minister an evaluation of the project (see
subsection (3));

(ii) advised that there are likely to be productivity gains
from the project.

(a) contain a cost benefit analysis of the project, including
an estimate of the productivity gains from the project; and

(b) set out any other matter that Infrastructure Australia
considers relevant to the project.

(4) The Infrastructure Minister must not make a
recommendation under subsection (1) in relation to a grant for an
infrastructure project if:

(a) the grant is for expenditure incurred under the National
Partnership Agreement on Asset Recycling; and

(b) the grant does not relate to a transaction that the
Treasurer has approved by legislative instrument.

(5) An approval under paragraph (4)(b) must specify the
State-owned assets, or the parts of State-owned assets, to the sale
of which the transaction relates.

[recommending grants payments]

(10) Page 19 (after line 24), at
the end of Subdivision B, add:

21A Cost benefit analyses to be made
public

If a direction is made under subsection 18(1) in relation to a
grant for an infrastructure project, the Infrastructure Minister
must:

(a) table in each House of the Parliament, within 14 sitting
days of that House after the direction is made, a copy of the
evaluation by Infrastructure Australia provided to the Minister
under section 19; and

(b) within 14 days of the direction being made, ensure that
the following information about the project is made available on
the Infrastructure Department’s website:

(i) a description of the project;

(ii) when the project is to start and is likely to be
completed.

[recommending grants payments]

(11) Clause 24, page 20 (after
line 26), at the end of subclause (1), add:

Note: See
also section 28A.

[recommending payments]

(12) Clause 25, page 21 (lines 4
to 7), omit the clause, substitute:

25 Recommendations about payments

(1) The Finance Minister must not make a direction under
subsection 24(1) for the purposes of making infrastructure payments
for an infrastructure project unless the Infrastructure Minister
has recommended that a direction be made.

(2) The Infrastructure Minister must not make a
recommendation under subsection (1) in relation to infrastructure
payments for an infrastructure project if:

(a) capital expenditure on the project is $100 million or
more; and

(b) Infrastructure Australia has not done both of the
following:

(i) given the Minister an evaluation of the project (see
subsection (3)); and

(ii) advised that there are likely to be productivity gains
from the project.

(a) contain a cost benefit analysis of the project, including
an estimate of the productivity gains from the project; and

(b) set out any other matter that Infrastructure Australia
considers relevant to the project.

(4) The Infrastructure Minister must not make a
recommendation under subsection (1) in relation to infrastructure
payments for an infrastructure project if:

(a) the payments are for expenditure incurred under the
National Partnership Agreement on Asset Recycling; and

(b) the payments do not relate to a transaction that the
Treasurer has approved by legislative instrument.

(5) An approval under paragraph (4)(b) must specify the
State-owned assets, or the parts of State-owned assets, to the sale
of which the transaction relates.

[recommending payments]

(13) Page 22 (after line 28), at
the end of Subdivision C, add:

28A Cost benefit analyses to be made
public

If a direction is made under subsection 24(1) for the purposes of
making infrastructure payments for an infrastructure project, the
Infrastructure Minister must:

(a) table in each House of the Parliament, within 14 sitting
days of that House after the direction is made, a copy of the
evaluation by Infrastructure Australia provided to the Minister
under section 25; and

(b) within 14 days of the direction being made, ensure that
the following information about the project is made available on
the Infrastructure Department’s website: